Commercial Construction Specialty Contractor

  • List Price: $2,850,000
  • Sales: $11,506,779
  • Adjusted Income: $335,621
  • Down Payment: NA
  • FFE Values: 900000
  • Inventory: NA
  • R.E. Value: NA
  • Location: Utah
  • Category: Construction

M-0322 is a commercial construction specialty contractor that has worked on some of the most prestigious projects in the region, ranging from healthcare to science and research, lodging and resorts, higher education, and large commercial residential developments. Their location in the Intermountain West puts them at the heart of one of the fastest-growing regions in the country. The Company earned $1.5 million in EBITDA on $12.8 in revenue in 2018.

Their customers include large regional general contractors and the Company benefits from significant repeat business and strong referrals. 91% of 2018 revenue came from 5 customers, two of whom the Company has worked with for years and three of whom were new business. A typical project can take 16-30 months to complete and M-0322 can currently meet demand with their full-time staff of 50.

The Company is located in an industrial area on 2.1 acres. The seller owns the real estate in a separate entity and rents it to the company. A new owner could buy the real estate — current appraised value is $2.4 million — or rent it for a market-rate $15,500/month.

M-0322 sees ample opportunity for growth as construction continues to boom in the region. The Company’s facility has the capacity to accommodate additional projects — the major limiting factor to growth is the region’s extremely low unemployment, making it a very competitive environment for skilled workers. Acquiring smaller competitors could help alleviate this stress.

While its business is cyclical, the Company has averaged just over $1 million in EBITDA since 2013. While the current owner is looking to retire, there is seasoned management in place who can provide continuity and continue to grow the business.

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